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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122029  
Subject: Re: Landlord complete Form W-9 Date: 12/18/2012 9:50 AM
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In any event, if you're a TurboTaxer, there is a line entry for rents received and reported via 1099-MISC and a separate line entry for rents received otherwise. The only onus on you is making the entry on the correct line so the IRS computers can match against any 1099 the Motherhouse might issue. The 1099 simply documents a deduction for the issuer, not a receipt by you. But it does create the small burden of ensuring you make the entry on the correct line.

I disagree. The onus is to report the income in the rental portion of Schedule E. Perhaps one of the ERO's on the board can tell us whether the input field you reference is even sent to the IRS.

I have never used the input field for NEC reported on a 1099-MISC. I simply report the income on line 1 of Schedule C without tying it to the 1099. The IRS has never bothered me looking for double the amount I reported.

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